Why the Job Market Will Pick Up in the Second Half

Mesirow Financial Chief Economist Diane Swonk joins The News Hub to explain why she's optimistic the labor market will turn-around in the second half of 2013.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... well it's time for a quick look ... it's now ... unlike some of the Titans industrial average of ... almost one percent hundred and thirty points that that's the very big stocks that of the state of as the tech heavy Nasdaq up Obama want to someone what if the sun ... and the SNP five hundred about one percent similar to the town of them ... what can we expect from tomorrow's big jobs report and for the rest of the year ... Missouri Financial senior managing director and chief economist and small towns us to discuss ... she's an awesome thank you so much for praying Elektra to be your site ... so we got a huge joint report coming out sometime tomorrow all all people ... fighting men aisles with gasps last month about ... how I'm sure you want people to ... rely on CD I think this book ... we were bullish on that day you ... you say that we've gone ... within a couple months a pretty ... pretty bad times try ... wherein it would be keeping the swings for the spring swoon that there were the economy sees me doing well on the house and we stumble and comments everything hit a speed bump in it's as if this recoveries been kind of like a traffic jam and of itself ... anyone knows how frustrating traffic jam is the can can go a little bit and any stock in a goal of it and then you stop something that moving forward we are moving forward but we're not moving forward fast enough ... to alleviate the frustration of the recession the great recession that we had in two thousand and two thousand and a couple of things that you point to which one is that the web ... I will point out that it is will we wish for every year ... during every year I don't think so aam so what what really on what you pay the month of April was extremely rainy night and on that in fact talking to the garden people in the Midwest to the severance John Raymont ... Weymouth which is rather than I'm from Chicago I help in the mid West but um a lot of them can get out and start doing a planting second in the gardening stir in the Molly monster people starting their businesses think they have not working one full week because it was an extremely cold March is well with retailers felt the pinch from has given you want ice cream closer and Easter by the plane was twenty three degrees below normal in the month the margin and her employment numbers in March exciting retail ... and again I think we see some of that splash over into the proper to us that the sequester ... the sequester that is the force spending cuts and I meant was a bit of a team to beat the five hole all people knows whether you want to begin in the sling I was already on hand now I know a single gossamer shown to slow but right now the problem is that in fact the sequester caste day ... they start rolling out they don't happen immediately the sky isn't fall overnight ... but Intel eighty five billion dollars the plane dollars said of the pinch in the U S economy that ten chump change on its even worth more than Warren Buffett as you pointed out here ... in your last email as I a sudden and I think it's important in its effects to accumulate what we're seeing now is for seeing combination of factors of government workers taking for unpaid furloughs one day week they don't get paid ... think about what he was content to twenty week dedicated to spend lots especially in the Virginia and Maryland Washington D C areas we've also seen a defense contractors have to slow down production cut back on production the lane workers on that show up in the numbers were seen aam defense tactic is also furlough people which open hours hours worked so ... so so that that's can happen when he was the same week and see an uptick in this in the second Hoff now I would like to think that that's because governments getting out of the way ... and you know my capitalistic killing and that I'm making I'd I'd I love to believe that a ... deal with the biggest reckon us coming to most of the moment on deficit set to decline your account ... for almost two trillion aam suited for train our target we need for ten years and portly of the pot that letter to trillion are really hard ... this includes things people don't wanna cut like so Security Medicare Medicaid ... or taxes no one or raise any more and the classic things like that so they own the government isn't a strike the second half the year the things we get going force to some unease head winds begin to fade a bit ... to get some things positive news coming out too writes it was on the evening adding you're the one on the good things we need to know that everyone wants the non Hotmail moment RetireOne if you're if you're borrower and your dedication so much that that that that the other one is housing prices and housing market in bed and a game changer the biggest single well for most households is go home ... and what we're seeing people refinance for all equity other homes our seventeen years and use that money to remind ... head back into the ultimately conservative but ... they're not doing it in the way they get to thinking of brand addition to the good with the explicit stupid stupid yes it was this is much worse Margaret Ewing and the places we get the bank the dollar the kitchens bathrooms and enact any law to spur footage but they are doing it and that is adding to the economy and that's can to spoke to ante up the costs front with some on Amanda's your honor sectors one sectors that can get it um in terms of credit as hard as other sectors and are still coming up ... with that on the auto sector is a sector with that the average age of apparent eleven years for a campaign of Minas huge people like to get more fuel efficient cars are treating him or kill efficient cars ... aam and also the path the PC and are using everything into dollars ... in net savings now that the home prices going up there willing to awesome maybe you said savings from everything into two under three dollars a month per car payment ... while ... it's my stance on the part of Poland are they really ... like to be good for I made this last month a setback for the defense talks about why when I think that on the stock market's I pointed out a can of common stock market in humans when you're a much ... less want Missouri Financial ... Wynnum on the jobs report at the beest live eight thirty tomorrow morning while live coverage of but you will not wanna miss that